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Apr 23, 2013
04/13
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is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv tse answers? that's the big question. if you have been watching politics, and washington as long as i have, you know when they don't answer questions in washington, it is becau they n't think that american people are going to like the answers. and so that i want to run it by you. i could write question marks all over the board to represent the questions that have not been asked. and more to those who are not answered. there can be one reason, those running our government, don't like the questions, they think we won't like the answers. that is why we need real hearings where citizens get to express themselves, a careful, thoughtful process, senate poses as a great deliberative body but they treat us as if we're subjects rather than citizens, they need a strong reminder, that we're indeed citizens, we have every right to demand these answers, and our elected officials have every responsibilit
is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv tse answers? that's the big question. if you have been watching politics, and washington as long as i have, you know when they don't answer questions in washington, it is becau they n't think that american people are going to like the answers. and so that i want to run it by you. i could write question marks all over the board to...
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Apr 23, 2013
04/13
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a lot of pessimism for economies. people are beginning to recognize that companies can save very profitable despite languishing economy did there is almost a divorce on how earnings and economies grow. connell: how does that environment sustain itself? >> is it sustainable in the long run, no. that means over a ten year cycle. i am focused over the next year or two years. earnings can continue to grow because we see 20% of s&p 500 companies hoarding. only 45% have beat revenues. i think that we could be in a period of time where we have a divergence in the markets between those that are doing really well and those that are not doing really well at all. you could get a lot of disparities. connell: brian jacobson, wells fargo, thank you very much. appreciate it. >> thank you. dagen: rilling knowing about it through minor. connell: at&t versus google. we will tell you why. we will keep an eye on the market. a big day today. oil is down. we will be back with much more on market now. ♪ ♪ ♪ [ male announcer ] help bra
a lot of pessimism for economies. people are beginning to recognize that companies can save very profitable despite languishing economy did there is almost a divorce on how earnings and economies grow. connell: how does that environment sustain itself? >> is it sustainable in the long run, no. that means over a ten year cycle. i am focused over the next year or two years. earnings can continue to grow because we see 20% of s&p 500 companies hoarding. only 45% have beat revenues. i...
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Apr 23, 2013
04/13
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. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, for most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recovery. neil: we're well off the matt from lows. any trend or any improving trend looks good. when it is disrupted we feel bad. >> no, but i think that al's comment, never as good as they say it is but never as bad, whole market has been en few fuego, have a tried to get a motorrage lately. -- mortgage lately. i tell you, they are not lending credit, and demand is not there for creditworthy borrows either, because people are not making more money, and businesses are not hiring. neil: tomorrow, you are jumping gun we talking about proctologists who offer mortgages. >> i knew it. neil: bmw is expecting
. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, for most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recovery. neil: we're well off the matt from...
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Apr 19, 2013
04/13
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you -- weak outlook from chinese economy. major consumer of copper, copper prices down 6% this week. quantifying that volatility that we've seen in commodity market, we have a full screen for you, biggest movers, silver, more so than gold, silver prices down 12.4% for the week, goa gold don 7%, and copper prices more than a 6% hit, lean hog, ad markets rocking up 70% this get -- up 7%. the grillining season we're approaching, barbecue season, natural gas a big mover up 4%. and that is always volatile but throwing it in with our crazy weather in the united states, a big move either week, back to you. adam: sandra smith thank you. >> a quarter till, as we do at this point, every many minutes time to head to new york stock exchange this time ben wil wills joining us, how do you explain this market? >> it is difficult, you need to back yourself away ffom your trading screen, realize this market is in a normal correction phrase, dramatic volatility throughout the week led by economy data and movement in commodity market. when you
you -- weak outlook from chinese economy. major consumer of copper, copper prices down 6% this week. quantifying that volatility that we've seen in commodity market, we have a full screen for you, biggest movers, silver, more so than gold, silver prices down 12.4% for the week, goa gold don 7%, and copper prices more than a 6% hit, lean hog, ad markets rocking up 70% this get -- up 7%. the grillining season we're approaching, barbecue season, natural gas a big mover up 4%. and that is always...
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Apr 19, 2013
04/13
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liz: that has a lot of @%pital expenditure and you are sensitive and vulnerable to a recovering economy that may or may not stumble. are you prepared for some stumbling blocks along the way? it has been a tentative recovery. >> to give background i started in our company as a teenager i have seen a lot of economic cycles. this one we saw a gradual improvement that we benefit from such a different experience aad then we have destination markets and regional markets regional we will see them in florida and california. >> the stock jumped right out of the gate it looks like a smart idea the blackstone was your biggest donor and they could have sold you easily to another private outfit. whitey think the ipo route was taken? >> i think blackstone found is what we have known. they have invested in the parks and they see the value the business has but what we can still do. they are excited to be a part of this company. liz: butte rolled over the fact is started as a teenager you really are on the screen and you started as a parking lot attendant back in the '80s. what does this say about this
liz: that has a lot of @%pital expenditure and you are sensitive and vulnerable to a recovering economy that may or may not stumble. are you prepared for some stumbling blocks along the way? it has been a tentative recovery. >> to give background i started in our company as a teenager i have seen a lot of economic cycles. this one we saw a gradual improvement that we benefit from such a different experience aad then we have destination markets and regional markets regional we will see...
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Apr 22, 2013
04/13
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it's hard to say all of this has been justified by the economy. then there's outliars, the warm winter so for most people holding great companies, i think you have to ride out the spring swoon and be prepared to buy if we do get the spring swoon. cheryl: but people are afraid. that's the problem. they've seen their portfolios. you get the big gains in the spring and by the end of the year, you're looking at basically a flat year for stocks. it makes people nervous. >> two weeks ago we were talking about all-time highs. people take the small windows and they just can't take it. dennis: for all the spring swoons you ran on the chart there, stocks then proceeded to go up. instead of selling and having to pay taxes, whatever, maybe instead i ought to ride it out and hope on the longer term. >> are you an investor or trader? most people tell me they're investors but when the stocks go down 7%, they take the loss. listen. there's no doubt you have to be anxious here a little bit. i.b.m. got hit, mb -- mcdonalds got hit. it's cyclical and it's not going
it's hard to say all of this has been justified by the economy. then there's outliars, the warm winter so for most people holding great companies, i think you have to ride out the spring swoon and be prepared to buy if we do get the spring swoon. cheryl: but people are afraid. that's the problem. they've seen their portfolios. you get the big gains in the spring and by the end of the year, you're looking at basically a flat year for stocks. it makes people nervous. >> two weeks ago we...
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Apr 19, 2013
04/13
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we certainly cannot make -- have any more hiccups in this economy connell: let's talk a little bit. thanks for checking in. we lost the satellite shot, so we continue the live press briefing, what you're seeing an the other side of your screen is set to get under way at any moment. once it starts it will include the police commissioner. we will bring it to you live to see if they have any new developments from watertown. you mentioned being impressed by the market's. other times we would be focused much more. talking about an all-day. once we get through this will will the main focus be next we? >> i think willie close watching these are new reports, a lot of stocks that have made big moves, a cliche. one likely they will get every single one of the somewhere down the road. giving some of that back. connell: some individual opportunity. >> this is when you sort of let the earnings season go by, take a lot of notes and wait for the dust settle. everything i am seeing is normal reactions, but i will say, i am concerned in this sense that we just cannot get any weaker than we already a
we certainly cannot make -- have any more hiccups in this economy connell: let's talk a little bit. thanks for checking in. we lost the satellite shot, so we continue the live press briefing, what you're seeing an the other side of your screen is set to get under way at any moment. once it starts it will include the police commissioner. we will bring it to you live to see if they have any new developments from watertown. you mentioned being impressed by the market's. other times we would be...
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Apr 19, 2013
04/13
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it's a bit of an economy because this military grade, where they get? to help them get the? were restored? a lot of big questions to be asked. stuart: quickly. >> monday after his bombing, a test. in other words, they send these kids out, do this test. relatively crude devices testing out crowds move, how the police respond to how well prepared the hospitals in the area are for mass casualty events so that if, in fact, there was a second wave bombing or some sort of terrorist incidents that they had planned they knew, they have a map of the land to many other professionals are going to react >> actually, i believe kind of a bit of the inverse. i think that when they were planning this they have already looked at other attempted events. with dwight evans failed. their work around that. talking to people over cell phones. there were on the spectrum. stuart: thank you for joining us. we're waiting for a news conference but to minutes away. we will bring you that live after this. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execut
it's a bit of an economy because this military grade, where they get? to help them get the? were restored? a lot of big questions to be asked. stuart: quickly. >> monday after his bombing, a test. in other words, they send these kids out, do this test. relatively crude devices testing out crowds move, how the police respond to how well prepared the hospitals in the area are for mass casualty events so that if, in fact, there was a second wave bombing or some sort of terrorist incidents...
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553
Apr 16, 2013
04/13
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david: debra on facebook says as the world economies decline gold will be relevant. liz: thank you so much for joining us. again, big news out of yahoo!. while they beat on both the top and bottom line the stock is trading lower in the after-market session. david: "money" with melissa francis is coming next. we'll see you tomorrow. i turned 65 last week. the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i wanthe income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. your chance to rise and shine. with centurylink as your trusted technology partn, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable
david: debra on facebook says as the world economies decline gold will be relevant. liz: thank you so much for joining us. again, big news out of yahoo!. while they beat on both the top and bottom line the stock is trading lower in the after-market session. david: "money" with melissa francis is coming next. we'll see you tomorrow. i turned 65 last week. the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel,...
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Apr 22, 2013
04/13
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which is bellwether in stable economy was much higher. i think acuety of the political season in the u.s. has kept the u.s. down. lori: that's a good observation. i'm also curious there is something cultural to take into consideration too. are europeans everyday people as cognizant how at risk how sluggish their economy is? there are reports that germany, france, are at risk for credit downgrades? do you think people care about perhaps the way some americans do? >> probably not and the media doesn't focus on it in that way. we've gone three or four years without a truly major crisis occurring. there is lot of worries that cyprus, greece, could go down. and perhaps not as clear as some portrayed it to be. melissa: you said politics in the u.s. is influencing how optimistic your survey respondents are. you're seeing some improvement. what specifically are people keying into now. is the worst behind us or are they looking into new things and opportunities? >> i think the worst is behind us. we had a bruising political season, a lot of concer
which is bellwether in stable economy was much higher. i think acuety of the political season in the u.s. has kept the u.s. down. lori: that's a good observation. i'm also curious there is something cultural to take into consideration too. are europeans everyday people as cognizant how at risk how sluggish their economy is? there are reports that germany, france, are at risk for credit downgrades? do you think people care about perhaps the way some americans do? >> probably not and the...
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Apr 24, 2013
04/13
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i hope there's a pull back, much needed, reset expectations for a slower global economy. we're still growing, but we're not growing as quickly, yet again, as we were last quarter. dennis: thank you very much, ben willis. when china speaks, hollywood listens. the red dragon's impact on blockbusters like iron man 3 coming up in my "media minute." cheryl: as we go to break, look at the winners. i'd rather watch the movie. here's winners on the nasdaq. we'll be right back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcncer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats andaily live webinars. andrade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. exdia. find yours. dennis: a new china syndrome worried beijing tailors films to local tastes, governmen
i hope there's a pull back, much needed, reset expectations for a slower global economy. we're still growing, but we're not growing as quickly, yet again, as we were last quarter. dennis: thank you very much, ben willis. when china speaks, hollywood listens. the red dragon's impact on blockbusters like iron man 3 coming up in my "media minute." cheryl: as we go to break, look at the winners. i'd rather watch the movie. here's winners on the nasdaq. we'll be right back. ♪ ♪ [ cows...
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Apr 18, 2013
04/13
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it is good for the economy. joining me with which hotels and cruise lines benefit the most from that spending but as we go to break we take a look at the ten year treasury, yield 1.6% on a ten year versus the 30 year. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small busines earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us i
it is good for the economy. joining me with which hotels and cruise lines benefit the most from that spending but as we go to break we take a look at the ten year treasury, yield 1.6% on a ten year versus the 30 year. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small busines earns 2% cash back on every pchase...
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Apr 16, 2013
04/13
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what does it mean for stocks, the rest of the economy? >> at this point from an economic standpoint it means further weakness because we're not prying in any inflation right now and seems to be the further. to his point with regard to cyprus selling potentially greece, who knows, maybe even italy, this is a poor indicator for future growth. now when you look at how many people are long gold, a lot of that selloff yesterday in the market was for margin calls. today --. melissa: that wasn't, you don't think that was the result of anything else that was going on around the world? a lot of people thought maybe you would pounce on gold if you saw what was going on in boston. maybe that is a little bit of a bounce back that we with saw today. you think it is really about global weakness and it continues? >> oh, absolutely. if we look, melissa, just over the --. melissa: hedge fund unwinding, pardon me, hedge fund unwinding as well. >> indeed. and also a billion dollars poured out one. etfs on friday. gold etfs are backed by physical gold, when
what does it mean for stocks, the rest of the economy? >> at this point from an economic standpoint it means further weakness because we're not prying in any inflation right now and seems to be the further. to his point with regard to cyprus selling potentially greece, who knows, maybe even italy, this is a poor indicator for future growth. now when you look at how many people are long gold, a lot of that selloff yesterday in the market was for margin calls. today --. melissa: that...
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Apr 16, 2013
04/13
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i think the economy here is no great shakes. i think the market is moving on a sea of ben bernanke and $4 billion a day being printed. i think there will be repercussions down the road but right now the market is loving it and amazingly if you think about this the dow dow is up 7075 points since the tragic events that occurred yesterday. gerri: rc, why is it gold prices can plummet like a stone and i go to the jewelry stone and nothing is cheaper? why is that? >> you have bad luck. you're going to the wrong jewelry store. gerri: you know those prices are not going down. come on, you know they're not going down. >> hold on. this is actually a good point. there is two gold markets. there paper goldmark get and physical gold market. even though the paper gold market is falling off a cliff and it is and wed have more to go, the physical gold market has a different response. the demand for physical gold is going up. gerri: you can't tell by this chart, my friend. >> not going down what consumers are getting is right. the all this mon
i think the economy here is no great shakes. i think the market is moving on a sea of ben bernanke and $4 billion a day being printed. i think there will be repercussions down the road but right now the market is loving it and amazingly if you think about this the dow dow is up 7075 points since the tragic events that occurred yesterday. gerri: rc, why is it gold prices can plummet like a stone and i go to the jewelry stone and nothing is cheaper? why is that? >> you have bad luck. you're...
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Apr 19, 2013
04/13
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ramming some growth and some kind of recovery, we have an incredibly resilient economy. highly of gennaro, and we should be doing better if. what is discouraging is that almost all is caused by poor government picy. we have consistently done the wrong thing off. lou: macroeconomics here, but of like to get your sense of what could be done right now by this president, the fiscal policy to pursue, if that is, indeed, the course, to start generating jobs and start generating economic growth and reducing debt and deficits that are contemporaously. >> well, i think the first thing that they could do is have a really serious plan about reducing government expenditures as a percentage of gdp. taxes mater, inflation matters, but the truth is, whe government is spending too much of the auto production and the economic system the growth rate declines and this is throughout the world history. so are really serious plan to reduce government expenditures uld create a lot of confidence in the business trinity. secondly, he's a rollback the azy onslaught of regulations across every ind
ramming some growth and some kind of recovery, we have an incredibly resilient economy. highly of gennaro, and we should be doing better if. what is discouraging is that almost all is caused by poor government picy. we have consistently done the wrong thing off. lou: macroeconomics here, but of like to get your sense of what could be done right now by this president, the fiscal policy to pursue, if that is, indeed, the course, to start generating jobs and start generating economic growth and...
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Apr 16, 2013
04/13
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economy seems to take two steps forward, one step back and i would also have to agree with your comments about the fed. lou, i also read that but i think that the fed cirman has made it perfectly clear that they were going to stay the course for the indefinite future. >> w what will ultimately drive prices will be the growth of wages and salaries and the like and according to the march -- lou: we would like to have some of that. >> we would like to see some growth there. in march the conference board's survey showed that the percent of consumers expecting a lower income six months from now, once again exceeded the percent expecting income growth. we never saw this type of imbalance in previous recoveries and that's a b unsettling. lou: i lied. you get the last word, lou. we started out with the gold, deflation. you get the last word. >> we're not far apart but i would say that the revenues of corporate america have been slowing. as the top line continues to slow, the abili to maintain profitability is certainly doubul and i think any wisp of deflatn or whiff of deflation that gets in the
economy seems to take two steps forward, one step back and i would also have to agree with your comments about the fed. lou, i also read that but i think that the fed cirman has made it perfectly clear that they were going to stay the course for the indefinite future. >> w what will ultimately drive prices will be the growth of wages and salaries and the like and according to the march -- lou: we would like to have some of that. >> we would like to see some growth there. in march...
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Apr 23, 2013
04/13
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melissa: peter, would adding more people to the united states grow the economy? i mean, it's a very simple question, but people look at it different ways. some people say we have to add highly educated, high-skilled people. other people say, you know, it's a mathematical factor that if you administer people to the economy, they work more, they consume more, the economy by deaf fission grows -- definition grows. >> i don't think that's true. we do have some areas of shortages that we need to shore up with immigrants both at the top and bottom. they're very narrow. we probably import many more immigrants than we need to accomplish the slow level of growth that we are now accomplishing. if we were at 5% unemployment, if we were growing the way we did in the reagan days, you kn, then it wouldmake some sense to make that argument. but right now having folks come here to go to college to add to the army of liberal arts graduates that are unemployed -- which is becoming quite an army -- makes no sense at all. the country right now has more people than it has jobs for. m
melissa: peter, would adding more people to the united states grow the economy? i mean, it's a very simple question, but people look at it different ways. some people say we have to add highly educated, high-skilled people. other people say, you know, it's a mathematical factor that if you administer people to the economy, they work more, they consume more, the economy by deaf fission grows -- definition grows. >> i don't think that's true. we do have some areas of shortages that we need...
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Apr 24, 2013
04/13
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economy a welcomed buzz. the econ is behind the report will join us. can you ever have too much "money"? copd makes it hard to breathe... but with advair, i'm breathing better. so now i can help make this a great block party. ♪ [ male announce ] advair is clinically proven to help significantly impro lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. people with copd taking advair may have a higher chance of pneumoa. advair may incrse your risk of osteoporosis some eye prlems. tell your doctor if you have a het condition or high blood pressure before taking advair. ask your doctor if including advair could help improve your lung function. [ male announcer ] advair diskus fluticasone propionate and salmeterol inhalation powder. get your first prescription free and save on refills at advaircopd.com. adam: the state of th
economy a welcomed buzz. the econ is behind the report will join us. can you ever have too much "money"? copd makes it hard to breathe... but with advair, i'm breathing better. so now i can help make this a great block party. ♪ [ male announce ] advair is clinically proven to help significantly impro lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day....
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127
Apr 17, 2013
04/13
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what difference does it make to the economy? the economy? we will be right back with melissa: running the boston marathon is a dream for millions of runners, and for some it becomes a reality. but yesterday when runners and spectators were to celebrate and rejoice, the dream turned into quite a nightmare, as you know. but will it stop people from doing things, hurt businesses, our economy has large? joining us, jimmy orr, who finished the marathon minutes before the bombs went off. you are a west point grad, spent 15 months in afghanistan, you ran this race, went through the finish line and then you heard the blast, what was your reaction, what was the scene like? >> it was really chaotic, it was kind of quiet and everybody knew something just happened. luckily we linked up right after that with our family. something is going down, we have to get out of here. we just wanted to get away from the scene before we saw cops running and everything, we wanted to get out of there as soon as possible. melissa: did it bring back memories for you? >> a
what difference does it make to the economy? the economy? we will be right back with melissa: running the boston marathon is a dream for millions of runners, and for some it becomes a reality. but yesterday when runners and spectators were to celebrate and rejoice, the dream turned into quite a nightmare, as you know. but will it stop people from doing things, hurt businesses, our economy has large? joining us, jimmy orr, who finished the marathon minutes before the bombs went off. you are a...
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Apr 24, 2013
04/13
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. >> look at the durable-goods number, that is the big ticket item, health of the economy and a lot of people use metric about how things are going in this country. >> i certainly agree. durable-goods numbers if you look at home building home building shows signs of strength. it has been resilient and you are certain to see signs of staples turning down a little bit, food and beverage and tobacco looking resilience as they break new heights but you have to think of that regard. liz: we're talking about housing and the risks you can take and the chicago mercantile exchange and how they handle all that trading floor, the largest futures trading floor handles the situation with the august wheat. as i mentioned a moment ago boeing announced plans to get its 787 dreamliner back in the air, shares of boeing heading higher. let's get to nicole petallides on the floor of the stock exchange. people do not learn when a good company has a few bad headlines that may be the time to buy it. >> the pull back might have been the time to buy but we are watching bowling moving to a new annual high. look
. >> look at the durable-goods number, that is the big ticket item, health of the economy and a lot of people use metric about how things are going in this country. >> i certainly agree. durable-goods numbers if you look at home building home building shows signs of strength. it has been resilient and you are certain to see signs of staples turning down a little bit, food and beverage and tobacco looking resilience as they break new heights but you have to think of that regard. liz:...
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Apr 22, 2013
04/13
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economy is not based on manufacturing. look at china most of the economy is based on the manufacturing and exports. it is a small sector but if an on negative even if it does pick up, each does it contribute to overall growth? $15 trillion economy now we have to grow between eight and 10%. most of it is domestic consumption. you can get to and have for 3% growth we should be happy gerri: i am not happy with 2%. nine at the 10 companies would say they would think of building there necks plan in china may be five out of 10. also the u.k. and all of europe with the fiscal austerity in the short term is a way to produce real gross. jamie, a philip product the disconnect between all street and main street how mainstream is focused on the kitchen table financial issues and less focused on retirement, borrowing from the retirement, when i think is a bigger risk and investing in the stock market but what you telling your clients right now how to invest? >> first and foremost, stay out of debt. most of the problems that happen in t
economy is not based on manufacturing. look at china most of the economy is based on the manufacturing and exports. it is a small sector but if an on negative even if it does pick up, each does it contribute to overall growth? $15 trillion economy now we have to grow between eight and 10%. most of it is domestic consumption. you can get to and have for 3% growth we should be happy gerri: i am not happy with 2%. nine at the 10 companies would say they would think of building there necks plan in...
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Apr 18, 2013
04/13
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that is not the case in a, when the economy is growing. then the debt does not have to increase. >> that's a really important point, melissa. and the truth is, arthur laffer and i and "the wall street journal" just about six months ago did a pretty extensive study that showed exactly the opposite. that in fact the countries that did the biggest fiscal stimulus in response to the great recession we lad in 2008 and 2009, that is the government's that spent and borrowed the most money had the weakest recoveries from. this kind of keynesian idea when you want to do when you get hit a financial crisis spend and borrow, we found the opposite was true. maybe you look at that one see if there any flaws in our study. because we found just the opposite. melissa: we have the to squeeze in a break. we appreciate both of you. i love these academic arguments because you're looking at at that rather than just having emotion what you feel would be right for the government to do, we're looking at real numbers and solve the problem. so i really appreciate b
that is not the case in a, when the economy is growing. then the debt does not have to increase. >> that's a really important point, melissa. and the truth is, arthur laffer and i and "the wall street journal" just about six months ago did a pretty extensive study that showed exactly the opposite. that in fact the countries that did the biggest fiscal stimulus in response to the great recession we lad in 2008 and 2009, that is the government's that spent and borrowed the most...
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Apr 21, 2013
04/13
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i think it's what we call the plow horse economy. we've heard negative talk about the economy every time there's a dip or a zip or a zag in the numbers, those are highly technical economic terms by the way. there's lots of bears out there that are ready to pounce and tell people that the economy is done, it's going to head back to another recession or it's going to slow down precipitously. and yet for almost four years now, we've seen about 2% growth. it's what we call the plow horse economy. it's not a race horse. and we just continue to grow. we've had 37 straight months of private sector job growth. the weakness in retail sales in march appears to us to be because of a -- believe it or not, an early easter and problems seasonay adjusting those data. >> wait, wait, but hold on. because the early easter and passover and everything else came into march, shouldn't that have booste retail sales? >> well, yeah, but remember we seasonally adjust the numbers. so we know that sales go up, for example, at christmas. we also know that sales
i think it's what we call the plow horse economy. we've heard negative talk about the economy every time there's a dip or a zip or a zag in the numbers, those are highly technical economic terms by the way. there's lots of bears out there that are ready to pounce and tell people that the economy is done, it's going to head back to another recession or it's going to slow down precipitously. and yet for almost four years now, we've seen about 2% growth. it's what we call the plow horse economy....
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Apr 24, 2013
04/13
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need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to raise prices to cover the infrastructure to pay for cost of producing and taking care of the tax bill. neil: that is hard to pass to consumers? >> it it could be, build line - bottom line, i it is a couple bucks here orhere it may cause them to go to one store or the other. then is this retailer. neil: -- j.c. penney, shares up 12% after former ceo ron johnson was ousted, the new boss is giving.c. penney a second chance. >> we've seen trends in retail, the last ceo leaving bucked the trend too much. consumers wanted sales and products, they were not getting it what this led to was a lack of buyer and brand confident, when consumers go to the store they want to know what they get, and what to expect, when they don't it caused them to worry about, perhaps that company no longer believes in same things i do. if the consumers feel that store hathere back that means increase sales and stock price. neil: you know not first time a unpopular ceo or embattled ceo ha
need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to raise prices to cover the infrastructure to pay for cost of producing and taking care of the tax bill. neil: that is hard to pass to consumers? >> it it could be, build line - bottom line, i it is a couple bucks here orhere it may cause them to go to one store or the other. then is this retailer. neil: -- j.c. penney, shares up 12% after former ceo ron johnson...
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Apr 19, 2013
04/13
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boston and texas the economy is and was taking a hit. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't crea the future... by clinging to the past. and wi that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ neil: cluster time, but not enough to crush you out of getting some good advice. the fact of the matter is when people i scared they retrench, and that can lead to slow down, market pickups. is that likely here? or is this going to be sure light? >> i think it is going to be short-term. i think the pullback was primarily because of the market had runups, so it was so much. you side with stocks like apple early on. mean, what i call kind of a parabolic moved, it just needed a pullback. think it will be temporary. we're going through right now. it always feels more painful, you know, in the beginnin
boston and texas the economy is and was taking a hit. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't crea the future... by clinging to the past. and wi that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ neil: cluster time, but not enough to crush you...
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Apr 23, 2013
04/13
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is a past to citizenship appropriate good bad for our economy? is in the national interest? is it good for american society? the real question becomes after tenures why do we have these answers? gerri: if you don't have the answers i don't know who would. >> thank you for that. what we tried to point* out is precisely that that so many of these issues how much benefit to be derived from immigration what will it really cost to follow a pathway to citizenship and the gang of 8 plan? we don't have those answers. what is funny and all of this today the media matters' left-wing activist group said that lou dobbs is anti-immigrant because he is asking questions. they'' to a fellow who was very nice and i am sure a good man out of ucla who just happens to be a chicano activist who opens all sorts of numbers we cannot rely on just as you cannot rely on the numbers from the federation for immigration reform. the government is in the one providing these answers. did not have the answers for their own committees, congress the senate or the president. gerri: will we get them? is there a
is a past to citizenship appropriate good bad for our economy? is in the national interest? is it good for american society? the real question becomes after tenures why do we have these answers? gerri: if you don't have the answers i don't know who would. >> thank you for that. what we tried to point* out is precisely that that so many of these issues how much benefit to be derived from immigration what will it really cost to follow a pathway to citizenship and the gang of 8 plan? we...
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Apr 24, 2013
04/13
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, america's economy, might be able to do enough heavy lifting, if you will, until the other economies come on board. you can see, look at that domestic home market, up 44% year over year, international up less than 3%. that was absolutely without a doubt phenomenal. i've seen that with other companies that reported this week, and i think that makes a big difference. now, talk about the situation in boston. after that honda was abandoned, they -- the boston police used this irobot to go in there and retrieve things and give the all clear, and you see there's a picture of it right there. it was used in the world trade centers, used in a lot of things, absolutely amazing, and, you know, you worry that the company, people who follow the company, what would they do if they lost defense contracts, well, message how many police departments would love to have that and use something like that? in the meantime, they have a contract from the government for this thing they call the first look, little machine, little robot like this, throw through a glass window, lands, and, you know, goes in craw
, america's economy, might be able to do enough heavy lifting, if you will, until the other economies come on board. you can see, look at that domestic home market, up 44% year over year, international up less than 3%. that was absolutely without a doubt phenomenal. i've seen that with other companies that reported this week, and i think that makes a big difference. now, talk about the situation in boston. after that honda was abandoned, they -- the boston police used this irobot to go in there...
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Apr 18, 2013
04/13
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well, not the economy, unemployment, dissatisfaction with the government, deficit, or debts, and it's not health care, six. we are down here to number four to immigration, guns. two of the three issues that matter least americans, at least accordingo gallup. gun-control and immigration. the senate gang of eight just introduced their immigration proposal. senators voted on seven amendments that would restrict our second amendment rights. every single one of them failed. did i mention, the second amendment prevailed. you have to feel good about that. i have a feeling that the 15 percent approval rating, given what they are doing with priorities and the american people, it's going to a shoot up any day now because of their terrible, terrible hard work and profound interest in what matters most to their constituents. dramatic developments in the texas prosecutor murders. "dobbs law" with the latest. the new accusations that the obama administration is cooking the books on the part station. the recipe for deception. terror in boston. psychiatrist dr. keith abbott joins us here next. are yo
well, not the economy, unemployment, dissatisfaction with the government, deficit, or debts, and it's not health care, six. we are down here to number four to immigration, guns. two of the three issues that matter least americans, at least accordingo gallup. gun-control and immigration. the senate gang of eight just introduced their immigration proposal. senators voted on seven amendments that would restrict our second amendment rights. every single one of them failed. did i mention, the second...
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Apr 17, 2013
04/13
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and, of course, the economy presumably is coming out with one this time. earnings at that time were toedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks barry, including that 8-year-old boy. sequestration did not kl that little fellow. you know what did? awfu people. more after this. @ mowing your lawn isn't always easy. but maybe the problem isn't your lawn. introducing the all-wheel-drive mower from husqvarna. we engineered its unique drive system and dual transmission to handle hills& thicgrass& and tough terrain& without losing traction or power the all-wheel-drive mower from husqvarna. challenge the impossible. visit us online to enter the challenge thimpossible promotion ♪ neil: all rht. all mail is being
and, of course, the economy presumably is coming out with one this time. earnings at that time were toedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks...
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Apr 19, 2013
04/13
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eye 41
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boston and texas the economy is and was taking a hit. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: yore history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiencebelow... to the finest comforts above. we're not simply saluting history... we're making it. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. bjorn earns unlimited res for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deser
boston and texas the economy is and was taking a hit. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: yore history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiencebelow... to the finest comforts above. we're not simply saluting history... we're making it. all stations come over to mithis is for real this...
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Apr 22, 2013
04/13
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eye 63
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i think it's what we call the plow horse economy. we've heard negative talk about the economomy every time there'a dip or a zip or a zag in the numbers, tse are highly technical economic terms by the way. there's lots of bears out there that are ready to pounce and tell people that the economy is done, it's going to head back to another recession or it's going to slow down precipitously. and yet for almost four years now, we'veeen about 2% growth. it's what we call the plow horse economy. it's not a race horse. and we just continue to grow. we've had 37 straight months of private sector job growth. the weakness in retail sales in march appears to us to be becausof a -- believe it or not, an ear easter and problems seasonally adjusting those data. >> wait, wait, but hold on. because the early easter and passover and everything else came into march, shouldn't that have boosted retail sales? >> well, yeah, but remember we seasonally adjust the numbers. so we know that sales go up, for example, at christmas. we also know that sales go up
i think it's what we call the plow horse economy. we've heard negative talk about the economomy every time there'a dip or a zip or a zag in the numbers, tse are highly technical economic terms by the way. there's lots of bears out there that are ready to pounce and tell people that the economy is done, it's going to head back to another recession or it's going to slow down precipitously. and yet for almost four years now, we'veeen about 2% growth. it's what we call the plow horse economy. it's...
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Apr 18, 2013
04/13
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the point is we're telling you the strength of the economy the economy is getting a lot weaker here. all recent data shows it. it means cash and fixed income will perform better most likely over nt six to nine months while we g through this process. melissa: cash, cash is going to perform better?. >> cash. cash will perform better than stocks. >> right now i'm actually in cash the market here last week. talked about how the market looked like it might rollover and it is. however to go back to your point, how do you protect your money? you stay away from companies that can't grow the revenues and companies showing earnings but also strong revenue growth. so you want to require the company to show that it is hitting on all the cylinders. melissa: scott what do you think you go on cash at this point in order to protect your money? >> i don't think you have to. cash doesn't pay you anything. adjusting for inflation you will go broke safely i like to call it, loses money verse susnflation. mark touched on something. toilet peep, shampoo, those are things you look at in your 401(k) to own.
the point is we're telling you the strength of the economy the economy is getting a lot weaker here. all recent data shows it. it means cash and fixed income will perform better most likely over nt six to nine months while we g through this process. melissa: cash, cash is going to perform better?. >> cash. cash will perform better than stocks. >> right now i'm actually in cash the market here last week. talked about how the market looked like it might rollover and it is. however to...
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Apr 18, 2013
04/13
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i mean, copper is the gauge of the global economy. we saw russia come out last night. they warn that if the physical commodities continued a sell-off they may fall and slick themselves into a recession. if we start to see russia fall into recession, parts of europe also may fall. the u.s. to be right behind it, and this could be as serious meltdown that could occur. liz: well, a meltdown in gold. right now we're up about $4. it is not a big deal. still, well off of the eyes of the past year or so. let me just get to crude oil right now. it is rebounding a bit by about a dollar and 54. overall, the entire energy complex looks stronger. what is that duty today? >> i think we have overdone it. we oversold the market. we got into a level where commercial buyers came into start hedging positions. i'm with that. to me right now eyeleted 84 and a half to 85. from here you buy this. and we head back up higher. liz: what would drive the move fire? >> well, a couple of things. coming up with a lot of bad news right now. and there was a huge sell-off in commodities. it's it's a s
i mean, copper is the gauge of the global economy. we saw russia come out last night. they warn that if the physical commodities continued a sell-off they may fall and slick themselves into a recession. if we start to see russia fall into recession, parts of europe also may fall. the u.s. to be right behind it, and this could be as serious meltdown that could occur. liz: well, a meltdown in gold. right now we're up about $4. it is not a big deal. still, well off of the eyes of the past year or...
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Apr 24, 2013
04/13
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we are seeing a slowing economy, a cooling economy. the global growth story. this is why you are starting to see the durable goods number came in week. stuart: there is somebody around this table who refuses at this moment to make eye contact. he just will not look me in the eye. his name is charles payne. charles: it is pulling back from all-time highs today. this is what i like. i know you think the rest of the world -- during the quarter, and latin america, they issued a new wine cellar product. thirty-one models goes into this. it has two different temperatures and different compartments for different kinds of wine. stuart: it will boost. charles: it is just a story. if someone can afford to buy a wine cellar, the company is not doing so bad. [ laughter ] stuart: senator rand paul. he has done what i am going to call a reversal. >> if someone comes into a liquor store with a weapon and $50 in cash, i do not care who killed him. stuart: is that a reversal? judge andrew napolitano will join us later this hour. what did the senator say to the judge? find out
we are seeing a slowing economy, a cooling economy. the global growth story. this is why you are starting to see the durable goods number came in week. stuart: there is somebody around this table who refuses at this moment to make eye contact. he just will not look me in the eye. his name is charles payne. charles: it is pulling back from all-time highs today. this is what i like. i know you think the rest of the world -- during the quarter, and latin america, they issued a new wine cellar...
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Apr 23, 2013
04/13
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it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you slee more soundly. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to ea
it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with...
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68
Apr 17, 2013
04/13
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eye 68
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and, of course, the economy presumably is coming out with one this time. earnings at that time were torpedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks barry, including that 8-year-old boy. sequestration did not kill that little fellow. you know what did? awful people. more after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. becausenly national lets you choose any car in t aisle. and go. you can even take a full-size or above. and stilpay the misize price. i could get used to this. [ male announcer ] es, you could business pro. yes, you could. go national. go like a pro. yes, you could. if youe got it, you kno
and, of course, the economy presumably is coming out with one this time. earnings at that time were torpedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks...
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Apr 16, 2013
04/13
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eye 101
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go to work and kiss your wife thank roadwork and be an american and let's move forward to get this economy going. neil: to be simplistic i am pretty good at that we tend to sell off more when the threats is international terrorist based and an american like terry nichols. not as a general rule of thumb or to justify one brand over another a bad guy is a bad guy but we tend to get anxious that they brought this to the point* despite the billions are trillions to stop them. >> right to. and you will never be 100 percent safe you just have to remember that is the odds. we will never be part of a terrorist incident to remember that first thing but secd there will be a lot of volatility in the morning but the markets could end up higher and they don't seem to have common sense. look at north korea they are going crazy with their young leader if everybody worried about a nuclear missile but gold is still going down that is what you'd be buying but then people say i don't want to buy gold if it is the end of the world because it is hard to each. [laughter] neil: but where they are placing their m
go to work and kiss your wife thank roadwork and be an american and let's move forward to get this economy going. neil: to be simplistic i am pretty good at that we tend to sell off more when the threats is international terrorist based and an american like terry nichols. not as a general rule of thumb or to justify one brand over another a bad guy is a bad guy but we tend to get anxious that they brought this to the point* despite the billions are trillions to stop them. >> right to. and...
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Apr 18, 2013
04/13
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the economy hasn't grown as we thought it would? >> in reality we're 2% slower than previous cycles trend. the market not only priced a reasonably robust recovery in the u.s. as evidenced by a strong performance throughout last year and late last year of anything housing-related. so consumer stocks, consumer discretionary stocks and financials but the market was also discounting a robust recovery in china, based on improvement for data late last year. david: that underestimate the effect of the tax hikes? >> no doubt about it. we have been underweight a negative on the home building and consumer discretionary dough mess i canly levered sectors for a couple reasons. one we thought the market was underestimating the tax effect as you alluded to. the second piece was the market was understilting the fact that the mortgage credit channel remains impaired. you see that in bank earnings this week. all the disappointment on the banking side has come on the mortgage channel. david: why bank of america got hit so hard. >> bank of america, jp
the economy hasn't grown as we thought it would? >> in reality we're 2% slower than previous cycles trend. the market not only priced a reasonably robust recovery in the u.s. as evidenced by a strong performance throughout last year and late last year of anything housing-related. so consumer stocks, consumer discretionary stocks and financials but the market was also discounting a robust recovery in china, based on improvement for data late last year. david: that underestimate the effect...
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Apr 16, 2013
04/13
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economy seems to take two steps forward, one step back and i would also have to agree with your comments about the fed. lou, i also read that but i think that the fed chairman has made it perfectly clear that th were going to stay the course for the indefinite future. >> what will ultimately drive prices will be the growth of wages and salaries and the like and according to the march -- lou: we would like to have some of that. >> we would like to see some growth there. in march the conference board's survey showed that the percent of csumers expecting a lower income six months from now, once again exceeded the percent expecting income growth. we never saw this type of imbalance in previous recoveries and that's a bit unsettling. lou: i lied. you get the last word, lou. we started out with the gold, deflation. you get the last word. >> we're not far apart but i would say that the revenues of corporate america have been slowing. as the top line continues to slow, the ability to maintain profitability is certainly doubtful and i think any wisp of deflation or whiff of deflation that gets in
economy seems to take two steps forward, one step back and i would also have to agree with your comments about the fed. lou, i also read that but i think that the fed chairman has made it perfectly clear that th were going to stay the course for the indefinite future. >> what will ultimately drive prices will be the growth of wages and salaries and the like and according to the march -- lou: we would like to have some of that. >> we would like to see some growth there. in march the...